New city tower contains affordable apartments - and a penthouse on the market for $41m

A sculptural residential tower designed by Shohei Shigematsu and Jason Long of OMA has completed in San Francisco’s Transbay District. Located two blocks from the new $4.5 billion Transbay Transit Center and three blocks from the new Salesforce Tower, The Avery is a 56-story tower with upper floors containing 118 condominiums featuring far-ranging views. Lower floors house 150 affordable units and 280 luxury apartments. A penthouse space taking up one whole floor is on the market for $41m, which could set the record price for a San Francisco condo.

Real estate company Related California and its proposed concept for the site were selected as a result of a competitive selection process held by the City of San Francisco. Joining OMA, Fougeron Architecture designed the lower podium buildings of the development, with Clodagh Design creating a concept for the interiors based on the Bay Area’s connection to health and wellness. At the opening ceremony, Gino Canori, Executive Vice President and Chief Development Officer at Related California, stated: “The Avery embodies the City’s next influential chapter - bringing together its residents and community and establishing a new standard for luxury living in San Francisco.”

While residential towers are typically closed off from the life of the city around them, The Avery opens the site to the public by introducing a new lane connecting Folsom Street - the neighbourhood’s main boulevard - with Clementina, a small scale pedestrian corridor. The lane provides retail spaces together with green walls and landscaping to create an attraction for the surrounding area. “Transbay is changing into a place where San Francisco’s future is developing. Our building is located at the neighbourhood’s centre, so we wanted the site to be both a connector and a destination,” said Jason Long, Partner at OMA.

Lucy Nordberg
TenderStream Head of Research

This tender was first published by TenderStream on 14.03.2017 here

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